Volker Wieland criticizes elimination of the 500-euro banknote ("FAZ", "Börsen-Zeitung")

Prof. Volker Wieland has illustrated the consequences of the elimination of the 500-euro banknote for holding currency. Due to the smaller denomination, the physical weight of the banknotes would rise. "One million euro in 500-euro banknotes weighs 2.4 kilogram, in 100-euro banknotes, however, it's 10.2 kilogram," he said at the cash symposium of Deutsche Bundesbank.